Common use of Profits, Losses and Tax Credits Clause in Contracts

Profits, Losses and Tax Credits. (a) Subject to Section 10.1(c) and Section 10.4, for each Part nership fiscal year or portion thereof, all profits, tax-exempt income, losses, non-deductible non-capitalizable expenditures, and tax credits incurred or accrued on or after the Commencement Date, other than those arising from a Capital Transaction, shall be allocated 99% to the Investment Limited Partner and 1% to the General Partners.

Appears in 7 contracts

Samples: Consent and Agreement (Boston Capital Tax Credit Fund Iv Lp), Consent and Agreement (Boston Capital Tax Credit Fund Iv Lp), Consent and Agreement (Boston Capital Tax Credit Fund Iv Lp)

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Profits, Losses and Tax Credits. (a) Subject to Section 10.1(c) and Section 10.4, for each Part nership Partnership fiscal year or portion thereof, all profits, tax-tax- exempt income, losses, non-deductible non-capitalizable expenditures, and tax credits incurred or accrued on or after the Commencement Date, other than those arising from a Capital Transaction, shall be allocated 9999.99% to the Investment Limited Partner and 1.01% to the General Partners.

Appears in 2 contracts

Samples: Boston Capital Tax Credit Fund Iv Lp, Boston Capital Tax Credit Fund Iv Lp

Profits, Losses and Tax Credits. (a) Subject to Section 10.1(c) and Section 10.4, for each Part nership Partnership fiscal year or portion thereof, all profits, tax-exempt income, losses, non-deductible non-capitalizable expenditures, expenditures and tax credits incurred or accrued on or after the Commencement Date, other than those arising from a Capital Transaction, shall be allocated 99% to the Investment Limited Partner and 1% to the General Partners.

Appears in 1 contract

Samples: Boston Capital Tax Credit Fund Iv Lp

Profits, Losses and Tax Credits. (a) Subject to Section 10.1(c) and Section 10.4, for each Part nership Partnership fiscal year or portion thereof, all profits, tax-exempt income, losses, non-deductible non-non- capitalizable expenditures, and tax credits incurred or accrued on or after the Commencement Date, other than those arising from a Capital Transaction, shall be allocated 99% to the Investment Limited Partner and 1% to the General Partners.

Appears in 1 contract

Samples: Boston Capital Tax Credit Fund Iv Lp

Profits, Losses and Tax Credits. (a) Subject to Section 10.1(c) and Section 10.4, for each Part Part- nership fiscal year or portion thereof, all profits, tax-exempt income, losses, non-deductible non-capitalizable expenditures, and tax credits incurred or accrued on or after the Commencement Date, other than those arising from a Capital Transaction, shall be allocated 99% to the Investment Limited Partner and 1% to the General Partners.

Appears in 1 contract

Samples: Boston Capital Tax Credit Fund Iv Lp

Profits, Losses and Tax Credits. (a) Subject to Section 10.1(c) and Section 10.410.4 hereof, for each Part nership Partnership fiscal year or portion thereof, all profits, tax-exempt income, losses, non-deductible non-capitalizable noncapitalizable expenditures, and tax credits incurred or accrued on or after the Commencement Date, other than those arising from a Capital Transaction, shall be allocated 99% to the Investment Limited Partner Partners and 1% to the General Partners.

Appears in 1 contract

Samples: Boston Capital Tax Credit Fund Iv Lp

Profits, Losses and Tax Credits. (a) Subject to Section 10.1(c) and Section 10.4, for each Part nership Partnership fiscal year or portion thereof, all profits, tax-exempt income, losses, non-deductible deductible, non-capitalizable expenditures, expenditures and tax credits incurred or accrued on or after the Commencement Date, other than those arising from a Capital Transaction, shall be allocated 99% to the Investment Limited Partner and 1% to the General Partners.

Appears in 1 contract

Samples: Boston Capital Tax Credit Fund Iv Lp

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Profits, Losses and Tax Credits. (a) Subject to Section 10.1(c) and Section 10.4, for each Part nership Partnership fiscal year or portion thereof, all profits, tax-tax- exempt income, losses, non-deductible non-capitalizable expenditures, and tax credits incurred or accrued on or after the Commencement Date, other than those arising from a Capital Transaction, shall be allocated 9999.99% to the Investment Limited Partner and 1Partner, .007% to the Managing General PartnersPartner and .003% to the Administrative General Partner.

Appears in 1 contract

Samples: Certificate and Agreement (Boston Capital Tax Credit Fund Iv Lp)

Profits, Losses and Tax Credits. (a) Subject to Section 10.1(c) and Section 10.4, for each Part nership Partnership fiscal year or portion thereof, all profits, tax-exempt income, losses, non-deductible non-capitalizable expenditures, and tax credits incurred or accrued on or after the Commencement Date, other than those arising from a Capital Transaction, shall be allocated 99% to the Investment Limited Partner and 1% to the General Partners.

Appears in 1 contract

Samples: Boston Capital Tax Credit Fund Iv Lp

Profits, Losses and Tax Credits. (a) Subject to Section 10.1(c) and Section 10.410.4 hereof, for each Part nership Partnership fiscal year or portion thereof, all profits, tax-exempt income, losses, non-deductible deductible, non-capitalizable expenditures, and tax credits incurred or accrued on or after the Commencement Date, other than those arising from a Capital Transaction, shall be allocated 9999.99% to the Investment Limited Partner and 10.01% to the General Partners.

Appears in 1 contract

Samples: Boston Capital Tax Credit Fund Iv Lp

Profits, Losses and Tax Credits. (a) Subject to Section 10.1(c) and Section 10.4, for each Part nership Partnership fiscal year or portion thereof, all profits, tax-exempt income, losses, non-deductible non-capitalizable expenditures, expenditures and tax credits incurred or accrued on or after the Commencement Date, other than those arising from a Capital Transaction, shall be allocated 9999.9% to the Investment Limited Partner and 10.1% to the General Partners.

Appears in 1 contract

Samples: Consent and Agreement (Boston Capital Tax Credit Fund Iv Lp)

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